no code implementations • 18 Oct 2020 • Wen-Juan Xu, Chen-Yang Zhong, Fei Ren, Tian Qiu, Rong-Da Chen, Yun-Xin He, Li-Xin Zhong
For a heterogeneous population, the coexistence of investors with pair pattern strategies and reference point strategies causes the price to have a slow fluctuation around a typical equilibrium point and both a large price fluctuation and a no-trading state are avoided, in which the pair pattern strategies push the system far away from the equilibrium while the reference point strategies pull the system back to the equilibrium.
